Hydrogen Startup ZeroAvia Targets $150 Million Funding Round
Clean-aviation startup ZeroAvia is working to raise about $150 million in a new funding round as it progresses toward commercial introduction of its first hydrogen fuel-cell engine.
The company is in discussions with strategic and financial investors for the Series D funding, Chief Executive Officer Val Miftakhov said in an interview. He aims to announce a lead investor on the round, which has been under way for about six weeks, by the Paris Air Show in mid-June.
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